Financial Statements
  Financial statements are generally compiled using generally accepted accounting principles, also known as GAAP. A compiled financial statement is a specific name that relates to the financial statement having been reviewed or audited by an outside accountant.
  We at Darrell L. Keller, CPA, PA are Certified QuickBooks® Professional Advisors. We bring together knowledge in accounting, income tax planning, and of course, QuickBooks®. Now you can stop struggling with the owner's manual. We can show you how to use QuickBooks® to its fullest potential.
     Non Profit
  Although there are few laws or regulations that directly state how nonprofit organizations must operate their finances internally, there are many that have a strong indirect impact. These indirect influences include IRS reporting requirements and the accounting standards most funding agencies require supported organizations to follow. In practical terms, these "recommended" standards all but demand certain accounting and other financial practices be followed by nearly all nonprofit organizations.
  Governmental accounting is an umbrella term which refers to the various accounting systems used by various public sector entities. In the United States, for instance, there are two levels of government which follow different accounting standards set forth by independent, private sector boards. At the federal level, the Federal Accounting Standards Advisory Board (FASAB) sets forth the accounting standards to follow. Similarly, there is the Governmental Accounting Standards Board (GASB) for state and local level government.
     Audit Work
  An IRS audit is when the IRS requests that you contact them to provide proof of deductions, income, or to consider the treatment of various items on your tax returns. Many people mistakenly think that all they need to do is to bring their receipts and other information to the revenue agent as verification. What they don't realize is that the IRS examiner is trained to ask probing questions, and to come up with reasons why your deductions are not acceptable. In fact, the professional community has complained that in an IRS audit they often do not distinguish between the questions asked in a general audit vs. a criminal investigation.
  As a business grows, it must hire more employees, which can result in increased payroll administration. We can assist you in implementing the controls necessary to ensure a reliable, efficient, and effective payroll system. Our firm can also help you develop a payroll system and prepare all necessary payroll tax returns in a timely manner.
     Corporation & Industry
  Our goal is to simplify the business formation and incorporation process so you can focus more of your attention on growing your business. To make this happen, our CPA firm provides many services.
     Income Taxes
  During our years of experience dealing with many taxing authorities, we have achieved a level of competence that can ensure our clients they are being properly represented before the various federal and state tax agencies. We prefer to take a proactive vs. reactive approach to tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year.
     401k Audits
  The popularity of 401(k) plans has exploded in the last few years. In tandem with the growth has followed increased Government regulation. We ensure these plans are being managed properly and that investments are made as promised and when promised. The rules are extremely stringent, and non-compliance can become an expensive problem for your company. Our experience in this area provides our clients with the benefits that come with familiarity with the process. We know how to work with the key investment institutions, and we are familiar with their agreement documents.